Question
Using the appropriate interest table, answer each of the following questions. (Each case is independent of...
Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)
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What is the future value of $7,020 at the end of 7 periods at 8%
compounded interest? (Round factor values to 5 decimal
places, e.g. 1.25124 and final answer to 0 decimal places, e.g.
458,581.)
| The future value |
$enter the future value in dollars rounded to 0 decimal places |
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What is the present value of $7,020 due 8 periods hence, discounted
at 6%? (Round factor values to 5 decimal places, e.g.
1.25124 and final answer to 0 decimal places, e.g.
458,581.)
| The present value |
$enter the present value in dollars rounded to 0 decimal places |
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What is the future value of 18 periodic payments of $7,020 each
made at the end of each period and compounded at 10%?
(Round factor values to 5 decimal places, e.g. 1.25124
and final answer to 0 decimal places, e.g.
458,581.)
| The future value |
$enter the future value in dollars rounded to 0 decimal places |
eTextbook and Media
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What is the present value of $7,020 to be received at the end of
each of 18 periods, discounted at 5% compound interest?
(Round factor values to 5 decimal places, e.g. 1.25124
and final answer to 0 decimal places, e.g.
458,581.)
| The present value |
$enter the present value in dollars rounded to 0 decimal places |
Homework Answers
Answer #1
The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and calculation. For detailed answer refer to the supporting sheet.
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